ARCHIVED Bulletin: Enhancements to iProcurement On-line Catalog (CWA) Ordering (Posted August 1, 2008)
Effective Monday, July 28th, 2008, Internet Procurement has been updated to improve the capital equipment purchasing and accounting process.
How Has Internet Procurement Changed?
When creating requisitions for capital or fabrication equipment (over $5,000), Internet Procurement will now validate the correct combination of Category Type and Expenditure Type. This change impacts requisitions with Category Types:
- Standard.Capital
- Standard.Lease
- RPO.Fabrication
Previously, Oracle Internet Procurement allowed any Expenditure Type in combination with the above capital equipment Category Types. By not selecting the proper Expenditure Types for capital or fabrication equipment requisitions, assets are not properly identified and tracked in Stanford's financial systems (i.e. Sunflower Assets, Grants Accounting, Oracle Fixed Assets, and the Property Management Office Material Tracking System).
Available Resources
The following resources are available to help you with the capital equipment purchasing process.
- Common Expenditure Types Used for Property and Equipment
- Overview: Buying and Accounting for Capital Equipment
Questions?
- For questions, please submit a HelpSU ticket to Purchasing and Contracts.
